EMPS to continue till FAME-III launch, says MHI Minister Kumaraswamy

Quick Summary:

Claims amounting to ₹214 crore, or 27 per cent of the allocated ₹778 crore, have been submitted, representing over 42 per cent of the funds utilised from the previous outlay.

Major original equipment manufacturers (OEMs) such as Ather Energy, Ola Electric, TVS, Hero MotoCorp, Kinetic, Revolt, Mahindra, and Piaggio are key participants in the scheme.

The scheme was extended by two months ahead of its initial deadline, with its allocation increased to ₹778 crore.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Heavy industries minister FAME-III Electric vehicles H D Kumaraswamy EMPS EV ecosystem

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 12:52:13 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 18 lines

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Copyright Owner: © Business Standard

News ID: 22420286

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